Philippines eyes more borrowings due to COVID-19 World

Philippines eyes more borrowings due to COVID-19

The Philippine government is planning to borrow more from domestic and foreign markets to finance the budget deficit this year, due to the economic slowdown triggered by the COVID-19 outbreak.
ADB approves 200-mln-USD loan for Philippines World

ADB approves 200-mln-USD loan for Philippines

The Asian Development Bank (ADB) said on December 13 that it has approved a 200 million USD loan to help the Philippine government prepare implement major infrastructure projects under its flagship "Build, Build, Build" development programme.
Philippines revises down 2019 GDP growth target World

Philippines revises down 2019 GDP growth target

The Philippines on March 13 lowered its GDP growth target for this year to 6-7 percent, instead of 7-8 percent, citing the impact of a delay in the approval from the legislature for this year's budget.
Philippines pushes for railway extension work World

Philippines pushes for railway extension work

The Philippine Government is intensifying its plan to extend the national railway network from the current 77km to 1,900km in three years, which is the centre of the country’s economic development policy.
Vietnam strongly condemns bomb attacks in Philippines Society

Vietnam strongly condemns bomb attacks in Philippines

Vietnam strongly condemns the terror bomb attacks on a Catholic cathedral in Jolo island city in the southern Philippine province of Sulu on January 27, spokesperson of the Vietnamese Foreign Ministry Le Thi Thu Hang has stated.
Philippines vows to crush terrorists World

Philippines vows to crush terrorists

The Philippine governmenthas vowed to destroythose behind twin bombings that killed 27 people and injured nearly 80 others during a church service in the country's south on January 27.
ADB approves 7.8 bln USD credit package for Philippines’ economic growth World

ADB approves 7.8 bln USD credit package for Philippines’ economic growth

The Asian Development Bank (ADB)’s Board of Directors has approved a new six-year country partnership strategy with the Philippines, under which the bank will provide a credit package worth 7.8 billion USD to the Southeast Asian country until 2021 to support it in attaining sustained high and inclusive economic growth.
ADB loan helps Philippines expand financial services World

ADB loan helps Philippines expand financial services

The Asian Development Bank (ADB) on September 19 announced that it had approved a 300 million USD loan to support the Philippine government's effort to expand financial services across the country, especially among entrepreneurs, small businesses, farmers, workers, and individuals, including women and vulnerable households.
Philippines: 12 terrorists killed ASEAN

Philippines: 12 terrorists killed

Twelve terrorists have been killed in clashes with Philippine government security forces, bringing the death toll of Bangsamoro Islamic Freedom Fighters to 57 in the ongoing campaign in the southern Philippines that started on June 1.